ANC welcomes Moody's credit rating as 'a vote of confidence'

In a statement released on Wednesday, the party said Moody's decision to keep its investment rating for the country above sub-investment grade showed confidence in the government's"efforts to set our economy on a sustained growth trajectory".

"The ANC government is implementing a range of measures to set the country on a new path of growth, employment and transformation. The ANC has also taken decisive steps which are aimed at rebuilding investor confidence," said the party.

Is it just a stay of execution ?

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